https://www.miningweekly.com

Talisman to refocus on wider Springfield deposit, develop exploration strategy

9th June 2016

By: Samantha Herbst

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Having completed a high-level study assessing the potential for mining the Monty deposit, in Western Australia, ASX-listed metals developer Talisman Mining plans to shift its exploration focus from inward-looking resource definition to a more systematic exploration strategy.

The company noted on Thursday that the results of the feasibility work at Monty, a new massive sulphide discovery located at the Springfield project in the Bryah basin, were positive, with no high-level fatal flaws identified. Talisman expected the scope of the study to be finalised shortly by its joint venture (JV) with Sandfire Resources, allowing for work on the project to get under way in the forthcoming weeks.

The mineral resource estimate at Monty was estimated at 1.05-million tonnes at 9.4% copper and 1.6 g/t gold – an exceptionally high-grade deposit and the first to be discovered outside Sandfire’s DeGrussa complex of deposits.

However, in an attempt to step out from the high-grade Monty deposit, Talisman was pursuing additional exploration activities across the wider Springfield project, with an additional aim of further understanding the near environs of the Monty deposit.

Talisman noted that, with only three diamond holes and limited reverse-circulation undertaken by the JV outside of the Monty deposit, exploration of the wider Springfield project remained “very much of a greenfield nature”, with multiple prospective volcanogenic massive sulphide corridors identified within the project.

The JV’s exploration strategy at Springfield leveraged off existing data sets from the companies’ activities, allowing for a staged and systematic process aimed at building geological, geochemical and structural understanding.

The process involved the collection and integration of data collected from air-core drilling and the testing of defined horizons through a down-hole electromagnetic (DHEM) geophysical survey, which involved drilling a deeper reverse-circulation (RC) hole to act as a platform for the DHEM survey.

Interpretation of the new information would be undertaken to further develop and refine the geological interpretation.

Talisman concluded that the first stage of the step-out RC drilling had been undertaken across the Monty and Homer trends in the Springfield project, with DHEM surveys now substantially completed.

It had also completed targeted structural diamond drilling of the Monty deposit, the results of which would form the basis of a detailed three-dimensional geological model of the deposit.

Edited by Creamer Media Reporter

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.116 0.159s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: